Interest Rates
Deposits
Interest Rates for FCNR (B) Deposits
|
Period |
USD |
| FCNR (B) Deposit Interest Rates (% p.a.) (With effect from 01-March-2026) |
|
| 365 days | 5.00 |
| 366 days | 5.60 |
| 367 days to 729 days | 5.00 |
| 730 days to 1094 days | 4.50 |
| 1095 days to 1460 days | 4.00 |
| 1461 days to 1826 days | 4.00 |
Notes:
i. FCNR (B) Deposits with value exceeding USD 500,000 are eligible for additional interest of 0.10%.
ii. Minimum Tenor is 1 year and Maximum Tenor is 5 years as per guidelines.
iii. Penalty for premature closure will be applicable, as per guidelines.
iv. No recurring deposits shall be accepted under the FCNR (B) Scheme.
v. Rates of interest are subject to revision periodically.
vi. For help, email to customercare@esafbank.com.
Interest Rates for Savings Bank accounts (Resident, NRO & NRE)
| Savings Bank Account- Slab | Rate of Interest effective from 07th April 2025 |
|---|---|
| Up to and including Rs.2 lakh | 3.00% |
| Above Rs.2 lakh and Up to Rs. 5 lakhs (i.e., for incremental amount above Rs. 2 lakh) | 5.50% |
| Above Rs.5 lakh and Up to Rs. 15 lakhs (i.e., for incremental amount above Rs. 5 lakh) | 6.00% |
| Above Rs.15 lakh and Up to Rs. 1 Crore (i.e., for incremental amount above Rs. 15 lakh) | 6.50% |
| Above Rs.1 Crore and Up to Rs. 15 Crore (i.e., for incremental amount above Rs. 1 Crore) | 7.00% |
| Above Rs.15 Cr and Including Rs. 50 Cr (i.e., for incremental amount above Rs. 15 Cr) | 7.50% |
| Above Rs.50 Crore (i.e., for incremental amount above Rs.50 Crore) | 8.00% |
Notes:
- Interest on Savings Bank accounts will be calculated on end of the day balance and credited to the accounts on a monthly basis.
- Rates of interest are subject to revision periodically.
Interest Rates for Resident Term Deposits (Less than Rs.300 lakhs)
| Period | Rate of Interest effective from 01/03/2026 | |
|---|---|---|
| Normal Rate (%) | Rate for Senior Citizens (%) | |
| 7 days to 14 days | 2.75% | 3.25% |
| 15 days to 59 days | 3.25% | 3.75% |
| 60 days to 90 days | 3.75% | 4.25% |
| 91 days to 182 days | 4.00% | 4.50% |
| 183 days to 1 year | 4.75% | 5.25% |
| 1 year 1 day to 443 days | 7.25% | 7.75% |
| 444 days | 7.60% | 8.10% |
| 445 days to 500 days | 7.25% | 7.75% |
| 501 days | 8.00% | 8.50% |
| 502 days to less than 2 years | 7.25% | 7.75% |
| 2 years to less than 3 years | 7.25% | 7.75% |
| 3 years to less than 5 years | 6.00% | 6.50% |
| 5 years to 10 years | 5.75% | 6.25% |
Notes:
- Interest rates as above are applicable for new Resident term deposits and renewal of existing
Resident term deposits. - Income Tax deduction at source from the interest paid on Resident term deposits will be made,
wherever applicable, as per the Income Tax rules. - The minimum tenor for Resident term deposits is 7 days.
- No interest would be payable for Resident term deposits prematurely withdrawn before
completion of a period of 7 days from the date of deposit. - Pre-mature closure of Resident term deposit attracts a penal provision of 1%, applied on the rate
of interest applicable for the completed period, prevailing on the date of opening of the deposit. - The interest rate applicable on premature closure of Resident term deposits will be (a) or (b) below, whichever is lower, subject to penalty for premature closure.
(a) The rate of interest for the original/contracted tenor of the deposit.
(b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank. - The above rates of interest are applicable for Resident Recurring Deposits also.
- Rates of interest are subject to revision periodically.
- For help, email to customercare@esafbank.com.
- Customers may please contact our Branches for details of interest rates for deposits of Rs 300 lakhs and above.
Interest Rates for Non-Resident Ordinary (NRO) Term Deposits (Less than Rs.300 lakhs)
| Period | Rate of Interest effective from 01/03/2026 |
|---|---|
| 7 days to 14 days | 2.75% |
| 15 days to 59 days | 3.25% |
| 60 days to 90 days | 3.75% |
| 91 days to 182 days | 4.00% |
| 183 days to 1 year | 4.75% |
| 1 year 1 day to 443 days | 7.25% |
| 444 days | 7.60% |
| 445 days to 500 days | 7.25% |
| 501 days | 8.00% |
| 502 days to less than 2 years | 7.25% |
| 2 years to less than 3 years | 7.25% |
| 3 years to less than 5 years | 6.00% |
| 5 years to 10 years | 5.75% |
Notes:
- Interest rates as above are applicable for new NRO term deposits and renewal of existing NRO
term deposits. - Rate of interest applicable for NRO term deposits of Senior Citizens is the same as above.
- Income Tax deduction at source from the interest paid on NRO term deposits will be made, as per
the Income Tax rules. - The minimum tenor for NRO term deposits is 7 days.
- No interest would be payable for NRO term deposits prematurely withdrawn before completion of
a period of 7 days from the date of deposit. - Pre-mature closure of NRO term deposit attracts a penal provision of 1%, applied on the rate of
interest applicable for the completed period, prevailing on the date of opening of the deposit. - The interest rate applicable on premature closure of NRO term deposits will be (a) or (b) below,
whichever is lower, subject to penalty for premature closure.
(a) The rate of interest for the original/contracted tenor of the deposit.
(b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank. - The above rates of interest are applicable for NRO Recurring Deposits also.
- Rates of interest are subject to revision periodically.
- For help, email to nrihelpdesk@esafbank.com.
- Customers may please contact our Branches for details of interest rates for deposits of Rs 300 lakhs and above.
Interest Rates for Non-Resident External (NRE) Term Deposits (Less than Rs.300 lakhs)
| Period | Rate of Interest effective from 01/03/2026 |
|---|---|
| 1 year | 4.75% |
| 1 year 1 day to 443 days | 7.25% |
| 444 days | 7.60% |
| 445 days to 500 days | 7.25% |
| 501 days | 8.00% |
| 502 days to less than 2 years | 7.25% |
| 2 years to less than 3 years | 7.25% |
| 3 years to less than 5 years | 6.00% |
| 5 years to 10 years | 5.75% |
- Interest rates as above are applicable for new NRE term deposits and renewal of existing NRE
term deposits - Rate of interest applicable for NRE term deposits of Senior Citizens is the same as above.
- The minimum tenor for NRE term deposits is 1 year.
- No interest would be payable for NRE term deposits prematurely withdrawn before completion of a period of 1 year from the date of deposit.
- Pre-mature closure of NRE term deposit attracts a penal provision of 1%, applied on the rate of interest applicable for the completed period, prevailing on the date of opening of the
deposit. - The interest rate applicable on premature closure of NRE term deposits will be (a) or (b)
below, whichever is lower, subject to penalty for premature closure.
(a) The rate of interest for the original/contracted tenor of the deposit.
(b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank. - The above rates of interest are applicable for NRE Recurring Deposits also.
- Rates of interest are subject to revision periodically.
- For help, email to nrihelpdesk@esafbank.com.
- Customers may please contact our Branches for details of interest rates for deposits of Rs 300
lakhs and above.
Loans
Marginal Cost of funds based Lending Rate (MCLR)
&
Repo Rate based Lending Rate (RRLR)
| Tenure | Rate in (%) Per annum | |
|---|---|---|
| MCLR | Overnight MCLR | 12.35 |
| One Month MCLR | 12.36 | |
| Three Months MCLR | 12.44 | |
| Six Months MCLR | 12.67 | |
| One Year MCLR | 13.12 | |
| RRLR | 5.25% + Spread | |
Notes:
- MCLR shown above are applicable for new loans and advances disbursed on or after 17-03-2026.
- RRLR shown above is applicable for new loans and advances disbursed on or after 06-12-2025.
- MCLR and RRLR as above will remain in force till next review.
- RRLR, which is determined by adding components of Spread to RBI Repo Rate, is applicable for Fixed Rate loans of 3 years and above tenor and for all Floating Rate loans, irrespective of tenor.
- MCLR and RRLR are not applicable to exempted categories of loans and advances as prescribed by Reserve Bank of India from time to time.
- Reset of interest rates for existing Floating Rate loans which are linked to RRLR, will be effected as per the terms and conditions mentioned in the sanction letter
| Interest Rate Methodology | Loan Type and Tenor | Benchmark Applicable | Range of Spread from Benchmark (Minimum Spread to Maximum Spread) |
|---|---|---|---|
| Fixed Rate | Micro Finance Loans with Tenor Less than 3 years | MCLR | 11.77% - 12.88% |
| All categories of Loans with Tenor 3 years and above | Repo Rate | 6.25% to 19.50% | |
| Floating Rate | All categories of Floating Rate Loans for all Tenors | Repo Rate | 4.26% to 11.85% |
Notes:
- Mean Interest Rate for all Retail Loans disbursed during February-2020 : 13.02% (Excludes Loans/Overdrafts against Term Deposits).
| The below interest rates are applicable from: | 17th March 2026 | ||
|---|---|---|---|
| Minimum Interest Rate | Maximum Interest Rate | Weighted Average rate of interest for Q3 FY 25-26 | |
| 24.89% | 26.00% | 25.99% | |
*Minimum & maximum interest will be w.e.f 17th March 2026.
Processing fees:
| Loan products | Processing fee |
|---|---|
| Microfinance loans | 1.5% of loan amount plus applicable GST for loans above Rs. 50000 |
